An
aneurysm is the enlargement of an artery. It occurs when the walls of
a blood vessel become weak, balloon out, and are more likely to
rupture or leak potentially causing a stroke. The most significant
aneurysms affect the arteries of the heart and the brain. Smoking and
high blood pressure are the major risk factors for the development of
an aneurysm. Aneurysm clipping is a crucial surgical procedure in the
management of aneurysms. It is performed to block off an intact
aneurysm from the blood vessels to prevent any further leaking of
blood from the site.
Market
Dynamics
Increasing
worldwide incidences of aneurysms is the major factor driving the
aneurysm clips market growth. According to the Brain Aneurysm
Foundation 2018 data, around 500,000 deaths occur worldwide annually
due to brain aneurysms. According to the Centers for Disease Control
and Prevention (CDC), aortic aneurysms contribute to more than 25,000
deaths in the U.S. annually.
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Aneurysms
can cause due to various factors. According to the National Institute
of Neurological Disorders and Stroke, factors such as alcohol and
tobacco consumption and drug abuse are expected to increase the risks
of aneurysms development. According to the Tobacco Atlas, the number
of tobacco smokers is set to increase by 24 million in Indonesia and
by 7 million in Nigeria from 2015 to 2025. This rise in tobacco
consumption is expected to grow aneurysm cases eventually driving the
aneurysm clips market growth. However, being an invasive surgery,
clipping procedure can increase the duration of recovery period and
patient hospital stay eventually increasing the overall treatment
cost.
Increasing
incidences of aneurysm is expected to drive the aneurysm clips market
growth
Although
brain aneurysms affect individuals of all age, it is most prevalent
in people age between 35 and 60. According to the Brain Aneurysm
Foundation 2018 data, brain aneurysms cause nearly 500,000 deaths
worldwide annually with half the victims younger than 50 years.
Various factors contributing to the formation of brain aneurysms
include smoking, drug use such as cocaine, hypertension or high blood
pressure, congenital resulting from inborn abnormality in artery
wall, tumors, traumatic head injury, family history of brain
aneurysms and other disorders such as Polycystic Kidney Disease,
Ehlers-Danlos Syndrome, Marfan Syndrome, and Fibromuscular Dysplasia
(FMD).
Aneurysm
Clips Market - Regional Insights
On
the basis of region, the global aneurysm clips market is segmented
into North America, Latin America, Europe, Asia Pacific, Middle East,
and Africa. North America aneurysm clips market is expected to
foresee major revenue share, owing to increasing incidences of
aneurysm in the U.S. According to the Brain Aneurysm Foundation 2018
data, around six million people in the U.S. have unruptured
aneurysms.
Aneurysm
Clips Market - Key Players
Key
players operating in the global aneurysm clips market include B.
Braun, Boston Scientific, Codman & Shurtleff, Integra
LifeSciences, InoMed, KLS Martin Group, Medtronic Plc., Mizuho
America, St. Jude Medical, Stryker Corporation, and RauMedic.
Detailed
Segmentation:
Global
Aneurysm Clips Market, By Aneurysm Type:
-
Abdominal Aneurysm
-
Cerebral Aneurysm
-
Thoracic Aneurysm
-
Peripheral Aneurysm
Global
Aneurysm Clips Market, By Raw Material:
-
Titanium
-
Cobalt
-
Others
Global
Aneurysm Clips Market, By Region:
-
North America
-
Europe
-
Asia Pacific
-
Latin America
-
Middle East
-
Africa
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